Mayfield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMayfieldKentuckyNational
Cost of living index8688100
IndexMayfieldKentuckyNational
Goods & Services index11395100
Groceries index8996100
Health care index9195100
Housing index5070100
Transportation index9697100
Utilities index9092100
A general summary of the cost of living index in Mayfield, KY is shown above. Compared to the state average of Kentucky the cost of living index in Mayfield, KY is 86, which is 2% lower than the average in Kentucky and compared to the national average it is 14% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Mayfield, KY goods and services come in at 18% higher than the average in Kentucky and are 13% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Mayfield is 2% lower than the Kentucky average.
  • The cost of living in Mayfield is 14% lower than the national average.
  • The cost of housing in Mayfield is 50% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Mayfield, KY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mayfield, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mayfield, KY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$38,018$3,168$887$1,141
Renters$15,711$1,309$367$471
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Mayfield, KY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mayfield, KY has a median income of about $38,018 for people who own homes. Based on that number, a person should spend a maximum of $887 on expenses related to housing. Renters have a slightly different median income, which is $15,711. Based on this average, renters should spend no more than $367 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When you are determining the total cost of living in Mayfield, KY you will want to make sure you consider both the Kentucky sales tax and the Kentucky income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Kentucky is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Kentucky have a range from 2% to 6%.

Goods & Services

ItemMayfieldNational avg.Difference
Haircut $13.25$14.599.2%
Beauty Salon $32.00$34.687.7%
Toothpaste $1.50$2.4739.4%
Shampoo $1.33$1.0230.1%
Movie $9.00$9.878.8%
Bowling $4.10$4.396.6%

Groceries

ItemMayfieldNational avg.Difference
Ground Beef $2.97$4.4833.7%
Fried Chicken $1.00$1.4631.7%
Milk $1.81$2.3623.2%
Potatoes $3.08$3.060.6%
Pizza $9.88$9.246.9%
Beer $7.97$8.637.7%

Health Care

ItemMayfieldNational avg.Difference
Optometrist $110.00$99.7810.2%
Doctor $99.00$105.035.7%
Dentist $69.60$88.7021.5%
Ibuprofen $6.83$9.4127.4%
Lipitor $316.00$298.505.9%

Housing

ItemMayfieldNational avg.Difference
Home Price $78,500.00$175,700.0055.3%
Avg. Mortgage Payment $769.34$1,081.0328.8%
Apartment Rent $559.00$920.0039.2%

Transportation

ItemMayfieldNational avg.Difference
Gasoline $1.98$2.095.5%
Tire Balancing $46.00$45.291.6%

Utilities

ItemMayfieldNational avg.Difference
All Electricity$158.55$170.807.2%
Phone $24.01$28.2615.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lowes, KY1041011%
Pryorsburg, KY23677-23%
Farmington, KY15079-21%
Fancy Farm, KY63483-17%
Water Valley, KY33283-17%
Mayfield, KY10,09186-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sedona, AZ10,09212323%
Atmore, AL10,09685-15%
Woodbury, NJ10,0981099%
North Branch, MN10,0991000%
Wyndham, VA10,10114141%
Mayfield, KY10,09186-14%
Source: The Mayfield, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.